US President Donald Trump has announced that Bitcoin, Ethereum, XRP, Solana, and Cardano will be included in a “Crypto Strategic Reserve, causing a surge in the prices of these cryptocurrencies. This move is seen as an effort to elevate the industry after years of alleged corruption by former US President Joe Biden’s administration. Trump also declared that the US will become the “Crypto Capital of the World” and warned crypto enthusiasts that his proposed reserve would be a “stockpile” rather than an active purchase of digital assets. Consequently, Cardano saw a 70 percent increase in value, while XRP and Solana saw rises of over 35 percent and 20 percent, respectively. Bitcoin and Ethereum each saw a 20 percent rise. The practicalities of the reserve, however, remain unclear.

Source: https://www.aljazeera.com/economy/2025/3/3/trump-names-5-cryptocurrencies-for-national-reserve-sending-prices-soaring?traffic_source=rss